481 Lincoln Avenue, Pasadena, CA 91103

Local realty services provided by:Better Homes and Gardens Real Estate Registry
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481 Lincoln Avenue,Pasadena, CA 91103
$2,659,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:kevin lee
Office:berkshire hathaway homeservices california properties
MLS#:TR24135943
Source:SANDICOR

Price summary

  • Price:$2,659,000

About this home

481 Lincoln Ave., Pasadena is a turnkey and upgraded 7 units apartment complex (Unit mix: 4x 1 Bed+1 Bath, 1x 2 Bed+1 Bath, 2x 2 Bed+2 Baths). Class-A Location, and 100% OCCUPIED. ASSUMABLE EXISTING LOAN AT 3.83% UNTIL FEBRUARY, 2029 !!!! 2 story building was built in 1903 and single story building was built in 1952. BOTH BUILDINGS EXTERIOR FAADE WERE FULLY RENOVATED AND UPGRADED IN 2022. 5 out of 7 units were also upgraded with New Paint, Kitchen, Bathroom, Flooring. Updated Roof, New Electrical Main Panels and Subpanels. New Plumbing. New Windows. New Driveway Entrance. Each unit is individually metered for electricity and gas. Parking is provided by 5 open spaces between 2 buildings. The property is situated on a large corner lot of approximately 12,011 SF lot size. Great value-add opportunity for a short or long-term investment. The property is in a highly desirable centrally located neighborhood and offers stability for any type of investor whether it may be a first-time

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Home facts

  • Listing Id #:TR24135943
  • Added:408 day(s) ago
  • Updated:August 15, 2025 at 01:53 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Finances and disclosures

  • Price:$2,659,000
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